Michigan Independent Colleges And Universities 403(B) Multiple Employer Plan — Form 5500 plan (The Governing Board Of The Mi Independent Colleges And Universities)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Michigan Independent Colleges And Universities 403(B) Multiple Employer Plan is a benefit plan reported by The Governing Board Of The Mi Independent Colleges And Universities under EIN 84-2495214 and plan number 333. The latest loaded filing year is 2023. The filing reports 3,290 participants and $315,192,426 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Governing Board Of The Mi Independent Colleges And Universities
- EIN
- 84-2495214
- Plan number
- 333
- Plan type
- 3
- Location
- Lansing, MI
- Latest filing year
- 2023
- Participants
- 3,290
- End-of-year plan assets
- $315,192,426
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,290 | H, C | 20240924114447NAL0023568946001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $315,192,426
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $315,192,426
- Net assets (BOY)
- $287,733,005
Income & contributions
- Employer contributions
- $3,892,796
- Participant contributions
- $4,016,273
- Total contributions
- $8,534,008
- Total income / additions
- $51,499,748
Expenses & distributions
- Benefits paid
- $22,987,230
- Administrative expenses
- $1,053,097
- Total expenses
- $24,040,327
- Net increase / (decrease)
- $27,459,421
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Millennium Advisory Services | ADVISOR | $263,936 | not reported in the loaded dataset | 2023 |
| Planpilot | ADVISOR | $102,454 | not reported in the loaded dataset | 2023 |
| Tiaa | RECORDKEEPER | $84,273 | $0 | 2023 |
| Pentegra Services, Inc | TPA | $77,150 | not reported in the loaded dataset | 2023 |
| Riggs, Cnslmn, Michales & Downes In | ADVISOR | $26,659 | not reported in the loaded dataset | 2023 |
| Prm Consulting Inc | CONSULTANT | $12,000 | not reported in the loaded dataset | 2023 |
| Planchec(K) Cpas | AUDITOR | $12,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The Governing Board Of The Mi Independent Colleges And Universities
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Lansing, MI
- Millennium Advisory Services — Schedule C compensation
- Planpilot — Schedule C compensation
- Tiaa — Schedule C compensation
- Pentegra Services, Inc — Schedule C compensation
- Riggs, Cnslmn, Michales & Downes In — Schedule C compensation
- Prm Consulting Inc — Schedule C compensation
- Planchec(K) Cpas — Schedule C compensation